FOCUS: Japan record budget plan unlikely to provoke debate on fiscal health

Politics Economy

Japan's record budget plan for fiscal 2022 has laid bare the urgent need to have real discussions about how to restore its debt-ridden finances, but the chance of seeing them anytime soon seems very slim, at least until the House of Councillors election scheduled for July next year. The draft budget, approved Friday by the Cabinet of Prime Minister Fumio Kishida, totals 107.60 trillion yen ($940 billion), marking a record high for 10th straight year, while there are deep-seated concerns that the government may spend more in the fiscal year starting in April through extra budgets, as in recent ...

Kyodo News

Kyodo News